ECR successfully negotiated a great turn-key price, securing an entire building while providing significant real estate cost savings for THIE
Texas Hospital Insurance Exchange (THIE) was located in a Class-A office building along Loop 360 and every lease term, their real estate costs increased and at times, uncontrollably, resulting in unforeseen changes to their budget.
THIE hired ECR to find a purchase opportunity that would serve as THIE’s HQ for years to come as a place to expand and accommodate THIE employees and visitors.
A big goal for THIE was to better control their future real estate costs (and build equity for their organization).
ECR was tasked with locating a high-quality purchase option with +/- 7,000 RSF of office space near the Round Rock/Georgetown markets, before THIE’s expiration of their current office lease in Northwest Austin.
There was a shortage of purchase opportunities north of Austin in the desired size range, so ECR’s team considered existing buildings and proposed office projects.
ECR identified a great build-to-suit development in Georgetown called Sedro Crossing, which allowed THIE to not only select which location within the project they wanted to build on but also provided THIE the ability to fully customize their building and office space layout/finishes.
ECR representatives Jason Steinberg and Haley Berry Smith were a huge help to find the perfect location and assist in our decision to design and build versus purchasing an existing building. They have extensive knowledge of Austin and the surrounding areas and offered good advice as we developed our plan to move forward.
We had worked with Jason and Haley a few years ago on an office suite lease renewal and remodel and found them to be extremely responsive and a pleasure to work with. While no build or remodel is completely stress-free, these fantastic brokers do a wonderful job answering questions to make the process clear, negotiating on our behalf, and even having some fun along the way.
Thank you Jason and Haley for helping us get our custom-designed, beautiful new office!
President + CEO
ECR successfully negotiated a great turn-key price for THIE to secure an entire building for their long-term home in Georgetown with customizable finishes to make the officespace exactly how THIE wanted for their business. This newlocation provides significant real estate cost savings for THIE, as well as shorter commutes for several key employees.